Amazon becomes second $1 trillion company in US
New York, Sep 4 : Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark.
Last month, Apple became the first US company to become a $1 trillion company.
According to a report in CBS News, Amazon shares hit $2,050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company's market value above $1 trillion.
Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.
He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.
Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.
Google's parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark, reports said.
Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.
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Helicopter with seven on board crashes in Uttarkashi district
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Dehradun (PTI): A helicopter with seven persons on board crashed at Gangnani in Uttarakhand's Uttarkashi district on Thursday morning, a disaster management officer said.
One person has been rescued but there is no clarity yet about the fate of others, Uttarkashi District Disaster Management Officer Shardul Singh told PTI over phone.
Rescue teams have rushed to the spot, he said
Further details area awaited.
